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Group (PMG) estimation technique, under both the linear and nonlinear ARDL frameworks, is applied. This paper departs from …
Persistent link: https://www.econbiz.de/10014547742
This paper empirically investigates the impact of change in exchange rate on export and import flows between Slovakia and its major trading partners. Devaluation or depreciation of a currency worsens the trade balance before improving it, resulting in a J-curve pattern. For the purpose of this...
Persistent link: https://www.econbiz.de/10010512944
African countries have over the years experienced persistent current account deficits. The role of asymmetries in explaining the response of trade balance to exchange rate movement has not received adequate attention as linear models dominate extant empirical literature. In this paper, we...
Persistent link: https://www.econbiz.de/10013470700
China has been running a large trade surplus with the rest of the world, particularly with the USA and EU. This has …, mostly focus on real exchange rate and income as determinants of China's trade imbalances. Little attention has been given to … literature by adding FDI to China's trade balance model. Fitting aggregate annual data from 1979 to 2007 to SURE (Seemingly …
Persistent link: https://www.econbiz.de/10010273425
. The paper employed both linear and non-linear ARDL bounds testing approach to cointegration to test for the J …
Persistent link: https://www.econbiz.de/10013362908
cointegration between the nominal exchange rate and the relative prices. In particular, the Argentinean RER appears to be trend …
Persistent link: https://www.econbiz.de/10010289485
on the trade balance of Albania using quarterly data from 1994 to 2015. Bounds testing cointegration approach, vector … there exists a long-term cointegration between the real effective exchange rate depreciation and the trade balance …
Persistent link: https://www.econbiz.de/10011860055
hryvnia there might be a deterministic element in the long-run relationships. When allowing for a trend in the co­integration …
Persistent link: https://www.econbiz.de/10010261675
China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its …-growth and low-growth economies, as between Japan and the U.S. from in 1950 to 1971 and China and the U.S. from 1994 to 2005 … growth. The qualified case for China moving toward greater flexibility in the form of a very narrow band for the yuan …
Persistent link: https://www.econbiz.de/10010297476
A ceasefire has been called in the trade war between the United States and China, but there is lingering uncertainty … that will stifle aggregate spending until a "peace treaty" is signed. China is thus currently undertaking a precarious … war into simple terms, the United States is worried about the size of its bilateral trade deficit with China and is …
Persistent link: https://www.econbiz.de/10014565885